Learn how to make your payroll processes simpler, faster and more accurate with Carval’s free e-book.
Here's what you will learn:
How to simplify the timesheet process
How to save time and money on printing payroll documents
How to streamline the holiday absence booking process
How to get the right data for making accurate statutory payments
How to improve the request process and payment of overtime & bonuses
How to fulfil your auto-enrolment responsibilities with the minimum of effort
How to get the data and statistics you're asked for quickly and easily
ManagerHR is affordable, effective, easy to use, delightful and modern HR and Payroll solution. Our comprehensive HR and Payroll solution enables businesses to get set up and run salary in minutes, from any web enabled device. All government taxes, reporting, and compliance are taken care of automatically and paperless.
One of the fastest ways to derail employee engagement and satisfaction is to make a mistake with payroll. Late salary payments, inaccurate holiday pay and miscalculated benefits can undermine morale and reduce
productivity.
So why do so many business leaders still regard payroll as a routine administrative procedure that is a cost centre? A typical company spends between 50 and 80 percent of its expenditure on payroll, and the costs of
preparing and administering these payments are significant. Despite this, a recent survey found that less
than half of businesses measure the efficiency of their payroll function, and three quarters said that they had no plans to investigate implementing a payroll strategy to reduce costs and add value to their business during the downturn.
In the UK today, relatively few organisations see payroll as a strategic function, with half of companies handing over full responsibility for payroll to the finance function, with one in five opting to outsource the function completely.
It is about time that the payroll department is recognised as having a vital role to play in helping businesses to survive and thrive in a tough economic climate.
Contact us on 01582 714 810 to find out more about the payroll technology available to help your payroll department become the value driver of the organisation.
Learn how to make your payroll processes simpler, faster and more accurate with Carval’s free e-book.
Here's what you will learn:
How to simplify the timesheet process
How to save time and money on printing payroll documents
How to streamline the holiday absence booking process
How to get the right data for making accurate statutory payments
How to improve the request process and payment of overtime & bonuses
How to fulfil your auto-enrolment responsibilities with the minimum of effort
How to get the data and statistics you're asked for quickly and easily
ManagerHR is affordable, effective, easy to use, delightful and modern HR and Payroll solution. Our comprehensive HR and Payroll solution enables businesses to get set up and run salary in minutes, from any web enabled device. All government taxes, reporting, and compliance are taken care of automatically and paperless.
One of the fastest ways to derail employee engagement and satisfaction is to make a mistake with payroll. Late salary payments, inaccurate holiday pay and miscalculated benefits can undermine morale and reduce
productivity.
So why do so many business leaders still regard payroll as a routine administrative procedure that is a cost centre? A typical company spends between 50 and 80 percent of its expenditure on payroll, and the costs of
preparing and administering these payments are significant. Despite this, a recent survey found that less
than half of businesses measure the efficiency of their payroll function, and three quarters said that they had no plans to investigate implementing a payroll strategy to reduce costs and add value to their business during the downturn.
In the UK today, relatively few organisations see payroll as a strategic function, with half of companies handing over full responsibility for payroll to the finance function, with one in five opting to outsource the function completely.
It is about time that the payroll department is recognised as having a vital role to play in helping businesses to survive and thrive in a tough economic climate.
Contact us on 01582 714 810 to find out more about the payroll technology available to help your payroll department become the value driver of the organisation.
remunance Payroll Service Provider is very important for small businesses today. from processing of payroll works to managing the custody of the payroll of an employer. Also, printing the checks, preparing payroll reports for management and planning and preparing payroll tax returns.
Streamlining the hr processes with leave management software leave management...OfficeTimer
the top 5 pain points plaguing the human resource department apart from recruiting resource manpower, retaining the resources, ensuring compliance to policies, managing diversity in workplace, change management and fostering the tier-2 leadership. So, before the discussion boils down to how leave management software streamlines the HR processes, it is imperative that we deep dive into the leave management challenges and how its mismanagement serves as a recipe for disaster.
Solving Payroll Problems With The New Employee Management System- Business.c...Business.com
For a more robust employee management system through your payroll services providers, you may choose to add benefits management, 401(k) management, or other enhancements to the basic payroll processing service. Here are some common HR obstacles and ways in which payroll services can mitigate these challenges.
Payroll outsourcing is essential as it affects the total income of the company. It is important because it has many laws and regulations. The things companies need to go with.
Read More At - https://payrolloutsourcing.co.in/basic-payroll-mistakes-you-know-how-to-cringe/
Your 9 step guide to getting ready for SuperStream (on time!) ADP Marketing
A guide to the Australian Taxation Office's (ATO's) new superannuation legislation - SuperStream. SuperStream is the new data and payment standard for all superannuation contributions mandated by the Australian Taxation Office (ATO).
It will affect employers, recipients, payroll providers, clearing houses and super funds including self-managed super funds (SMSFs). Think EFT for superannuation and you’re on the right track. All superannuation contributions must be made electronically and in a standard message format.
Payroll Management- Stages, Challenges and Methods of PayrollMangesh Ghanwat
Payroll Management, Stages (pre & post activities) of payroll processing, challenges and methods of payroll, validations of accurate payroll, Human Resource sub functions, Salary process, Gross income/ Gross deductions/ Net payment
Four Simple Arguments to Use When Building a Business Case for an HRISAscentis
HR departments in mid-tier organizations are models of versatility. Their responsibilities include everything from answering employee questions about health benefits and vacation time and sorting out the process of employee reviews, to high level long term planning and organization of training, employee retention plans, management development and other important issues that fundamentally affect the productivity and success of the organization.
Most organizations of this size would agree that they would greatly benefit from their HR professionals having the opportunity to focus more of their energies on strategic issues, as is the case in larger organizations. It is no secret that the top-performing companies in the S&P 500 are the ones that have the strongest focus on employee development. However, in reality, the majority of their HR department’s time and resources is consistently taken up with day-to-day tactical issues—up to 5 hours of every eight hour day, some studies suggest.
This Slideshare focuses on the time and cost savings that can be achieved with the adoption of an HRIS.
Employee Service Portal is completely safe and protected. If your organization has not yet started using the employee self service portal, it is time to get started with the same.
remunance Payroll Service Provider is very important for small businesses today. from processing of payroll works to managing the custody of the payroll of an employer. Also, printing the checks, preparing payroll reports for management and planning and preparing payroll tax returns.
Streamlining the hr processes with leave management software leave management...OfficeTimer
the top 5 pain points plaguing the human resource department apart from recruiting resource manpower, retaining the resources, ensuring compliance to policies, managing diversity in workplace, change management and fostering the tier-2 leadership. So, before the discussion boils down to how leave management software streamlines the HR processes, it is imperative that we deep dive into the leave management challenges and how its mismanagement serves as a recipe for disaster.
Solving Payroll Problems With The New Employee Management System- Business.c...Business.com
For a more robust employee management system through your payroll services providers, you may choose to add benefits management, 401(k) management, or other enhancements to the basic payroll processing service. Here are some common HR obstacles and ways in which payroll services can mitigate these challenges.
Payroll outsourcing is essential as it affects the total income of the company. It is important because it has many laws and regulations. The things companies need to go with.
Read More At - https://payrolloutsourcing.co.in/basic-payroll-mistakes-you-know-how-to-cringe/
Your 9 step guide to getting ready for SuperStream (on time!) ADP Marketing
A guide to the Australian Taxation Office's (ATO's) new superannuation legislation - SuperStream. SuperStream is the new data and payment standard for all superannuation contributions mandated by the Australian Taxation Office (ATO).
It will affect employers, recipients, payroll providers, clearing houses and super funds including self-managed super funds (SMSFs). Think EFT for superannuation and you’re on the right track. All superannuation contributions must be made electronically and in a standard message format.
Payroll Management- Stages, Challenges and Methods of PayrollMangesh Ghanwat
Payroll Management, Stages (pre & post activities) of payroll processing, challenges and methods of payroll, validations of accurate payroll, Human Resource sub functions, Salary process, Gross income/ Gross deductions/ Net payment
Four Simple Arguments to Use When Building a Business Case for an HRISAscentis
HR departments in mid-tier organizations are models of versatility. Their responsibilities include everything from answering employee questions about health benefits and vacation time and sorting out the process of employee reviews, to high level long term planning and organization of training, employee retention plans, management development and other important issues that fundamentally affect the productivity and success of the organization.
Most organizations of this size would agree that they would greatly benefit from their HR professionals having the opportunity to focus more of their energies on strategic issues, as is the case in larger organizations. It is no secret that the top-performing companies in the S&P 500 are the ones that have the strongest focus on employee development. However, in reality, the majority of their HR department’s time and resources is consistently taken up with day-to-day tactical issues—up to 5 hours of every eight hour day, some studies suggest.
This Slideshare focuses on the time and cost savings that can be achieved with the adoption of an HRIS.
Employee Service Portal is completely safe and protected. If your organization has not yet started using the employee self service portal, it is time to get started with the same.
Generating Thermo-electricity using Graphit and Aluminum moduleCharith Suriyakula
This presentation is on the research work I have conducted in generating thermo-electricity. The work was published to the WinC (Wayamba International Conference) in 2014
Top Seven Benefits of an Automated Time and Attendance SystemSage HRMS
Increasing information accuracy and reliability are the two paramount reasons a time and attendance system is installed in any organization. Because an organization’s workforce is often its largest expense, impacting production and profitability, inaccurate timekeeping can lead to costly regulatory compliance missteps, among other pitfalls.
On the other hand, it should be noted that employees also represent an organization’s biggest asset with regard to growth and profitability. Thus, maintaining accurate and reliable time and attendance information makes labor management a whole lot more manageable.
At surface level, the immediate time-saving, as well as bottom-line saving, benefits of time and attendance automation are easy to highlight. However, without accurate and reliable time data captured from employees and passed to other parts of the human resources and payroll system, error-prone breakdowns are likely to occur. These can result in employees’ not being paid properly, noncompliance, decreased employee morale, and turnover.
An appropriate time and attendance system that meets your organization’s needs can help to eliminate and even prevent many, if not most, of the negative aspects of inaccurate and unreliable timekeeping.
The following will outline the top benefits of a time and attendance system and the positive effect they can have on your organization.
Time and Attendance Software- A Business.com GuideBusiness.com
The days of the punch clock have gone the way of the rotary dial phone and Atari computer games. Instead of laboriously compile paper cards and manually recording hours, save yourself the headache and invest in Time and Attendance Software. Use this Business.com guide to help you manage your employees- from clocking time sheets to payroll processing and managing absences.
Globally, Governments encourage SMEs to deliver digital, and the adoption of automated processes in the organization’s HR department has become increasingly important. Time and travel are often overlooked by businesses that focus exclusively on boosting external growth, leaving employees without development. An outdated system can be difficult to use and lacks the various features that the new system has. System instability can have a detrimental effect on the company’s future growth prospects and the current foundation. Real growth occurs in businesses led by management who think over time. While marketing is important, business owners should also realize that creating efficient systems that allow HR and other internal teams to operate effectively is equally important. Connect HRMS is providing best services in Pakistan. We’re providing best HR services, many people think HR Software price in Pakistan is too much high, they think wrong because we’re best cheap services provider in Pakistan. HCM module is a cost-effective way of centralizing employee data, engaging employees, Managers, and empowering the HR Department. It is built using the latest technologies by industry top experts and professionals to manage end-to-end HR across the organization.
Payroll management is a comprehensive exercise which deals with salary, allowances,
deductions, leave, attendance and other wage-related aspects of employees in your organization.
This is a manually intensive job that calls for meticulous attention to each detail.
Keeping track of employee time and attendance is a huge burden for employers. Are they at work? Are they on vacation? Did they clock in on time? Are they taking a long lunch? These are all must-know items, but often difficult to determine.
Tracking employee time and attendance is a huge burden for employers. This guide provides you with all the must-know items, but often difficult to detemine time and attendance tips.
Payroll management or administration is one of the most critical processes in any business, regardless of size, business model or industry.
It is one of the most important but time-consuming, cumbersome administrative tasks that every organisation performs daily.
While it doesn’t generate revenues for businesses directly, it is still an important activity that every business need to carry out accurately - as such, ensuring that your process is smooth and efficient must be a priority.
As a leader, you’re responsible for ensuring your organisation’s payroll management process is streamlined to ensure you save time and money. The question then is, how much do you understand and apply the best method to manage your payroll to legally keep your organisation compliant and ensure employee satisfaction?
In this deck, you will learn the fundamentals of payroll management and how it can benefit your business. You will also learn:
• The most important reasons you need to manage your payroll properly
• The top three (3) ways to manage your payroll
• The best payroll management solution that ensures your organisation remains legally compliant
• The most effective payroll management tips.
What exactly is a payroll management system, and how does it capitalize your ...Jose thomas
Payroll management software UAE offers many benefits to businesses looking to capitalize on their operations. By automating payroll processes, ensuring accuracy, saving time and costs, improving efficiency, and improving employee satisfaction, your business can focus on the best solutions.
A payroll system involves everything that has to do with the payment of employees and the filing of ¬employment taxes. This includes keeping track of hours, calculating wages, withholding taxes and other deductions, printing and delivering checks and paying employment taxes to the government.
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It is not easy for a company to handle the complexities of payroll, including the timely and accurate payment of all employees, deduction of appropriate taxes, and provision of paid time off.
Delve into the realm of HR software solutions and witness the evolution of time tracking and attendance management. Uncover the benefits of precision, real-time tracking, flexibility, automated calculations, compliance management, streamlined leave processes, data-driven insights, and employee empowerment in boosting organizational productivity.
The importance of having and automated vacation trackingDefinity First
An automated vacation tracking system automated vacation tracking system automated vacation tracking system automated vacation tracking system is an important part of any human resources department. Employee absences result in high costs for companies, and some experts ...
Hr Automation Features | MaxmitesGlobal.comMax Mites
The HR function is now being fully embraced by digitalization. An organisation that incorporates an automated workflow system will manage its human resources considerably more quickly and effectively.
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Implicitly or explicitly all competing businesses employ a strategy to select a mix
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Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
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Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
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2. Table of contents
Introduction 3
Reliable accuracy 3
Improved regulatory compliance 4
Insight into true labor costs 5
Increased productivity for HR and payroll 5
Bottom-line savings 6
Decreased burden on HR and more empowered employees 7
Integration amplifies all benefits 7
Conclusion 8
Sage HRMS
Automate time and attendance:
Seven reasons it makes good sense
2
3. Introduction
In any organization, employees are one of the biggest assets and one of the largest
expenses. Your employees are an essential ingredient of your organization’s success
and the most important source of future innovation and growth. On the other hand, in
most industries, labor costs are the largest category of total business expenditures.
That’s why keeping careful track of employee attendance and productivity can have
such a big impact on the bottom line.
The two main reasons to install an automated time and attendance system in any
organization are to increase the accuracy and reliability of attendance information.
Inaccurate timekeeping can lead to costly regulatory compliance missteps, among
other pitfalls. Without accurate and reliable time data captured from employees and
passed to other parts of the human resource management system (HRMS) and payroll
system, error-prone breakdowns are likely to occur. These can result in payroll errors,
noncompliance, decreased employee morale, and turnover.
An appropriate time and attendance system that meets your organization’s needs
can help to eliminate and even prevent many, if not most, of the negative aspects
of inaccurate and unreliable timekeeping. Maintaining accurate and reliable time and
attendance information makes it easier to keep a handle on labor costs, increases the
accuracy of payroll, and reduces administration in the human resources (HR)
department, thus saving time.
This white paper outlines the top benefits of a time and attendance system and
the positive effect automating your time and attendance process can have on
your organization.
Reliable accuracy
Many organizations rely on a manual timekeeping process—usually consisting of paper
timesheets and a pen or pencil. Employees record the time they arrive at work, or
“clock in,” and also record when they leave, or “clock out.” In actuality, most employees
fill in the time card at the end of the day, or worse, at the end of the week when it is due
to be turned into HR.
Unfortunately, recording employees’ time after the work day is over increases your
organization’s exposure to the likelihood of inaccurate time tracking. A manual process
that relies heavily on the honor system can be abused, and inaccurate hours documented
by employees can result in time theft. But even honest employees can make mistakes on
timesheets, especially when they can’t remember details days after the fact.
After timesheets or cards are approved by supervisors, they are turned into HR. Other
opportunities for manual errors arise. Typically, an HR or payroll professional manually
types the information into the HRMS and/or payroll system. Illegible handwriting can
Sage HRMS
Automate time and attendance:
Seven reasons it makes good sense
3
4. cause errors, and it’s easy to make data entry typos. When it’s time to run payroll, even
simple errors can lead to big problems; payroll corrections are often required after the
pay period has ended.
There are a number of ways to reduce data inaccuracies and opportunities for time
theft. Electronic data can be collected by employees’ punching in or out over a secure
web browser, from an electronic or biometric time clock, or even through a mobile
device. The data collected is then transferred to the time and attendance system in
real time.
Most systems allow supervisors to be alerted to early or late in/out punches as they
happen. Alerts like these can afford an employer the opportunity to address workforce
attendance issues early, before they become larger problems.
Improved regulatory
compliance
While a time and attendance system cannot guarantee your organization’s compliance
with employment laws, the data collected and available through the system can help
ensure you comply with labor regulations regarding proof of attendance. Being able to
quickly obtain accurate records of employee hours worked and leave taken is more
essential today than ever before.
Time and attendance management is one of the most important aspects of record-
keeping compliance. Federal and state wage and hour laws require that employees
be paid for every minute that they work, including overtime. Wage and hour actions
are very common, and the fines and penalties can be costly. In addition to tracking
work and overtime, your time and attendance records will also help you verify
employee leave such as PTO and FMLA.
In addition to regulations about employee pay and leave, the Affordable Care Act (ACA)
contains a “play or pay” provision. This employer mandate requires employers with at
least 50 employees to provide health care coverage to employees or pay a fine for
every full-time employee not covered. Full-time is defined as 30 hours per week or
more, and companies must perform a number of intricate calculations based on hours
worked for each employee in order to determine the full-time or part-time status.
Consistency in your timekeeping and the ability to quickly pull reports and review
punch-by-punch employee time tracking data from your time and attendance system
can be your best tools should your organization ever be audited by the U.S.
Department of Labor, your state labor board, or in the case of the ACA, the IRS.
Sage HRMS
Automate time and attendance:
Seven reasons it makes good sense
4
5. Insight into true labor costs
An automated time and attendance system improves information accuracy, and it
also makes it much easier to run reports on the information. Without this ability, an
organization will struggle to get a clear picture of labor costs. Understanding the
health of your business by understanding its income and expense numbers is vital
to success.
Gain insight into exactly how much overtime employees have worked . . . how much
FMLA leave employees used . . . whether some departments or groups have higher
rates of absence than normal . . . and other pressing questions. A deep understanding
of your company’s labor costs will help you to make sound workforce decisions and
accurately project future labor costs if your company is in a growth mode.
Increased productivity
for HR and payroll
It is not uncommon for organizations with a manual timekeeping process to spend
upward of five hours running payroll. Five hours of the payroll manager’s time each pay
period adds up to a lot of direct expense. The amount of time required to run payroll
can be drastically reduced with an automated time and attendance system.
With an entirely paper-based process, every payroll requires these manual steps:
1. Employees track their time on paper timecards or a punch clock.
2. An HR professional must collect all of the timecards.
3. HR must ensure that direct supervisors have approved all timecards.
4. HR must manually enter the handwritten information from the timecards into the
HRMS or other system used to keep track of employee attendance and leave.
5. HR generates a report for payroll.
6. The payroll manager enters information into the payroll system or sends it to a
payroll outsourcer.
7. The payroll is processed.
Automating the collection of time through data collection devices ensures time records
are in an electronic format. This allows the transfer of that data to be automatically sent
to your payroll solution for payroll processing. Once you’ve automated time and
attendance with a system integrated to your payroll system, the process looks like this:
Sage HRMS
Automate time and attendance:
Seven reasons it makes good sense
5
6. 1. Employees track their time using web browser-based timecards or timers activated
by a simple click of the mouse. If time is not entered, the time and attendance
system prompts employees to remind them.
2. At the end of a pay period, time and attendance information is routed to
supervisors for approval.
3. Approved time information is available to HR and the payroll system—no
data entry required.
4. The payroll manager processes payroll.
Automated time registration and collecting reduces or can eliminate the need for any
manual reentry of timekeeping data into a payroll system when the two are integrated.
The result is accurate payroll processing that can take as little as 20 minutes per pay
period. That’s an efficiency improvement of nearly 95%!
Reducing the time it takes to run payroll while also increasing the data accuracy by
automating the transfer of timekeeping information can lead to increases in both
productivity and cost savings. Saved productivity hours and the related personnel
wages can be reallocated elsewhere once you eliminate some of the
manual processes.
Bottom-line savings
An automated time and attendance system can provide both direct and indirect
investment returns. Many organizations realize a return on investment (ROI) relatively
quickly, often within the first year of implementing a time and attendance system.
Automating your time and attendance process results in ongoing
cost savings, such as:
• A reduction in human-generated payroll errors.
• The elimination of time theft and overtime costs.
• Saved wages from increased productivity.
There are also indirect cost savings related to workforce management, including
better insight into your employees’ work, the time spent on their work, and the return
on investment of their work. This information allows you to more appropriately and
proportionately allocate labor across your workforce.
For example, if you have an employee constantly claiming overtime, you may decide to
have a time management discussion with that person to determine whether he’s using
his work week wisely to complete his projects or just temporarily experiencing a surge
of additional work warranting the overtime. Perhaps the answer to this question will
present an opportunity to reallocate a project across multiple employees and redistribute
the workload more efficiently. Either way, your time and attendance system can offer
the insight you need to help you make effective business decisions that impact the
bottom line.
Sage HRMS
Automate time and attendance:
Seven reasons it makes good sense
6
7. Decreased burden
on HR and more
empowered employees
Keeping massive amounts of paper timesheets for each of your employees on file can
be both time consuming and inefficient. Paper-based time and attendance becomes
especially cumbersome when information is requested by managers or payroll
personnel. The HR person managing the files of all of the active and inactive
employees in the organization becomes a bottleneck to other departments. Ideally,
access to time and attendance information should be shared securely across
the organization.
Employee self-service (ESS) functionality is now a standard feature of most time and
attendance and HR solutions. ESS provides an easy way for employees to enter their
own time as they work it, empowering them to take ownership of their time and
attendance data. Plus, with the ability to track accruals, like earned PTO, employees
can access their PTO balances anytime, anywhere using the Internet. With ESS,
information flows naturally to the HR team and payroll department as well as other
parts of the organization, reducing bottlenecks.
Employees feel more empowered when they have access to their own information
through technology like employee self-service. ESS delivers a sense of shared
control between the employer and employee and makes for a better relationship
that can positively affect a company’s culture and contribute to higher levels of
employee engagement.
Integration amplifies
all benefits
There are inherent advantages to bringing together key elements of your time and
attendance, human resources, and payroll systems. By integrating all parts of your
workforce management with automated software technology, you reduce the
number of times humans have to interact with the data and avoid the potential risk
of human error.
Workforce management integration adds efficiency by easily and securely sharing data
from one part of the organization to other parts without manual reentry of data and the
associated errors that can result. By electronically and automatically transferring
employment, time, and wage data per employee through technology solutions for each
step in the punch-to-paycheck process (from timekeeping through payroll), you increase
process efficiency, data accuracy, and cost savings exponentially beyond the benefits
of just an automated time and attendance system alone.
Sage HRMS
Automate time and attendance:
Seven reasons it makes good sense
7
8. Conclusion
Automated time collection reduces errors and improves efficiency. Time and
attendance systems are also invaluable for ensuring compliance with labor regulations
regarding proof of attendance, including wage and hour regulations and the ACA.
Other benefits include: greater insight into labor costs, control over overtime expenses,
increased productivity for the HR and payroll departments, more accurate employee
timekeeping, elimination of time theft, and more.
Implementing an automated time and attendance software solution makes good sense
for most organizations, because it will deliver many benefits at relatively low cost. The
return on investment from an automated time and attendance system is rapid and
measurable. Your return on investment and added productivity will be greatly
strengthened by choosing a solution that integrates with your HRMS and payroll systems.
Sage is committed to supporting small and medium-sized companies by developing
solutions that create greater freedom for them to succeed. For more than 30 years, we
have been a leader in the development of human resource management systems
(HRMS) software. Thousands of small and medium-sized businesses nationwide have
implemented our popular Sage HRMS solutions.
For more information about our products and services, visit: SageHRMS.com
Sage HRMS
Automate time and attendance:
Seven reasons it makes good sense
8